JPM, Nov.28-Dec.2
Updated
JPM has been extremely bullish,
on the daily and 4h there is divergence,
as price is making higher high, rsi is making lower low,
this is a bearish indication,
I would like to see JPM below the previous high range 135.98-135.41,
once here i cant say we are fully bearish,
we would have to break below the 1hr trend line before i am fully convinced,
my target would then be the 131.36-129.97 range
on the daily and 4h there is divergence,
as price is making higher high, rsi is making lower low,
this is a bearish indication,
I would like to see JPM below the previous high range 135.98-135.41,
once here i cant say we are fully bearish,
we would have to break below the 1hr trend line before i am fully convinced,
my target would then be the 131.36-129.97 range
Note
Price closed below both areas we were eyeing,we are also consolidating on the 15m close,
from here i would like to see either,
a. retest of our uptrend line we broke below
b. a continuation down out of the consolidation zone
from here I am looking to enter my short position to 133.70-133.40 range,
if we continue to told bearish i plan to hold to 132.80, the previous low
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